Equity
€81,605 ▼ 56.9%
Codesmith paid out €260,000 in dividends. That is 171% of the 2025 profit.
Codesmith
Lifetime
6 annual accounts with figures on one time axispeak €166,564 (2025)
€166,564▲ 10.3%
peak €152,246 (2025)
€152,246▲ 32.9%
peak €224,784 (2023)
€81,605▼ 56.9%
€436,920▲ 31.9%
Board1 name since 2021
1 directorBoogaerts Pieter
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Result from €114,575 to €152,246Dividend €260,000Equity from €189,359 to €81,605Debts from €331,284 to €436,920Cash from €73,052 to €15,180
Key points
from the 2025 annual accountsTurnover
≈ €260,000 estimated
The accounts state no turnover.
Debts
€436,920 84% of the balance sheet
Financial debts 46%Suppliers 0%Taxes and wages 3%Other 51%
Of this, €233,844 falls due within a year.
Liquidity
0.58 was 1.24 in 2024
Short-term debts rose from €95,859 to €233,844.
Filings
6 annual accounts since 2020
The last five annual accounts were filed 0 to 45 days before the end of the period.
Position in the sector
€152,246
Higher net result than 95% of companies in computer programming and consultancy. Sector median €28,568 · 21,214 companies.
Checked score
90
Excellent
Financially stronger than 32% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,933 companies (NACE 62, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%highest value
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.1%▼ -0.1 percentage points vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.58, cash €15,180, halved
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €518,525
Figures for financial year 2025 (filed on 02-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 19% of them on solvency, 12% on liquidity, 82% on profitability and 13% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,684 companies had the same profile as Codesmith has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
1.2%
stopped another way
1.3%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Codesmith itself is lower: 0.1% within 12 months. It rests on far more data about Codesmith than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,684 companies, not a prediction for Codesmith. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.58 (1.24 in 2024), below 1. Short-term debt is 45.1% and cash 2.9% of total assets. 84.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 21208 sector peers (2025).
NBB · sector comparisonPosition among 21208 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
30 days early
2023
28 days early
2022
40 days early
2021
45 days early
2020
52 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 33 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Sint-Katelijne-Waver to Muizen
New registered office: Rijmenamsesteenweg 44, 2812 Muizen · Previous registered office: Sint Libertusstraat9, 2860 Sint-Katelijne-Waver · General meeting of 01-01-2023 · Gazette deed
Incorporation
published on 20-09-2019 · Gazette deed
First establishment
Rijmenamsesteenweg 44, Mechelen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Codesmith Mechelen | €518,525 | €166,564 | 15.7% | - |
| Benef-IT Antwerp | €581,183 | €175,684 | 0.4% | - |
| STEF DAEMS CONSULTING Olen | €465,192 | €155,431 | 0.2% | - |
| EVENTRONICS Mechelen | €468,925 | €166,296 | 29.0% | 2.2 |
| NEXT7 Ixelles | €498,839 | €167,717 | 46.5% | - |
| NOMADLY Berloz | €476,758 | €163,866 | 94.8% | - |
| BOGAERTB CONSULTING Sint-Lievens-Houtem | €549,622 | €163,701 | 7.0% | - |
These companies have the same main activity as Codesmith: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €465,000 and €581,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 18-09-2019Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200
- Establishment unit
- 2.293.730.4922812 Mechelen, since 18-09-2019
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €518,525▼ 0.4%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on Codesmith
Codesmith files the micro format. That format states no turnover. The gross margin rose from €101,907 in 2020 to €166,564 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Codesmith
- What is the company number of Codesmith?
- The company number of Codesmith is 0734.574.862. The VAT number is the same number with BE in front: BE 0734.574.862.
- Where is Codesmith based?
- The registered office is at Rijmenamsesteenweg 44, 2812 Mechelen.Company details
- What does Codesmith do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of Codesmith?
- Codesmith is a private limited company (BV).
- When was Codesmith founded?
- Codesmith was founded on 18-09-2019.
- Is Codesmith still active?
- Yes, Codesmith is an active enterprise in the KBO register.
- What is the turnover of Codesmith?
- The turnover in financial year 2025 is ≈ €260,000. This figure is estimated from the gross margin of €166,564 and 42 comparable companies (NACE 62200). It probably lies between €230,000 and €320,000.Financials
- Is Codesmith profitable?
- In financial year 2025, Codesmith made a profit of €152,246.
- Where can I find the annual accounts of Codesmith?
- Codesmith filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Codesmith due?
- Codesmith must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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